FXCM has been listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. FXCM Group maintains its headquarters in New York, with offices in the U.K., Paris, and Australia. It is a registered Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
In terms of features, the stand-out strengths of this broker’s offerings are:
A wide choice of account types, including both market-maker and ECN-type accounts, plus an Islamic option.
A choice of the most popular trading platforms in the industry: including Metatrader 4 and the proprietary Trading Station.
An very wide range of instruments available for trading: all the major and minor Forex currency pairs; also, a wide range of commodities and global equity indices wrapped as CFDs. The range of commodities is not very large but includes the most popular items.
Regulated by a major industry center (FCA).
The market-maker type account can be opened as a spread betting account, which can be completely tax-free in the United Kingdom and the Republic of Ireland.
FXCM will program your algo strategies into an expert advisor, allowing you to automate your trading if you wish.
A very impressive range of trading analytics services, restricted to FXM real-money client
FXCM Trading Platforms
In addition to Trading Station, its proprietary platform, FXCM Group uses the popular MT4 and Ninja Trader platforms.
The products offered are day trading, stop loss and take profit, as well as trailing stop / limit orders and entry orders.
Mirror Trader is a trading platform which allows traders to follow the strategies and signals of other traders. It’s an ideal solution for those who follow the FX markets, but who don’t always have the time to determine what and when to trade.
Mirror trading at FXCM highlights which currency pairs are performing best in the current market conditions and sends signals when to enter and exit a trade. It allows traders to take advantage of market movements even when they are at work or asleep.
With Mirror Trader traders can evaluate and build a portfolio of back-tested strategies, or can follow individual signals that support your own trading analysis
FXCM Accounts Types
FXCM provides several account types designed for experienced traders as well as for those who are new to the FOREX market. The standard 5K account is ideal for experienced traders wishing to leverage the full advantages of FX trading. Traders can also open an Active Trader account with $25,000 to receive elite services. Also, opening a mini account requires an initial deposit of $50 and offers leverages of up to 1:200* for all traders who are outside of the United States, and 50:1 leverage for US-based traders.
FXCM provides 24/7 customer support, including during the weekends when the market is closed. A Multi-lingual staff speaking over 20 languages is available at all times, via International toll frees calls, chat and e-mail. There are a few tools available to you if you are just getting to know the market and FX Trading station. Manuals for using FX Trading Station are available in several formats, as well as walk through videos that provide an overview of the platform’s main features. A support representative will introduce you to the system either via chat or over the phone. To get to know the FOREX market, FXCM offers educational courses and premium resources to help traders familiarize themselves with the markets.
Forex traders who are looking for a bit of extra support can also take advantage of the web-based Mirror Trader which runs flawlessly with FXCM, allowing traders to automatically copy others in the hopes of increasing their profits.
FXCM is a large and strong company, with a large world-wide user base, high liquidity and large financial assets. This enables them to offer attractive rates, innovative tools and features, and high standards of customer support. We believe that these all make FXCM an excellent choice for Forex traders at all levels, no matter where they reside.